Tungray Technologies Inc. (NASDAQ:TRSG) Sees Large Increase in Short Interest

Tungray Technologies Inc. (NASDAQ:TRSG) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 10,700 shares, a growth of 435.0% from the December 15th total of 2,000 shares. Based on an average daily volume of 16,200 shares, the short-interest ratio is currently 0.7 days. Approximately 0.4% of the shares of the stock are sold short.

Hedge Funds Weigh In On Tungray Technologies

An institutional investor recently raised its position in Tungray Technologies stock. PFG Investments LLC grew its holdings in shares of Tungray Technologies Inc. (NASDAQ:TRSG) by 94.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,000 shares of the company’s stock after acquiring an additional 33,000 shares during the quarter. PFG Investments LLC owned 0.42% of Tungray Technologies worth $177,000 at the end of the most recent quarter.

Tungray Technologies Trading Up 2.0 %

TRSG stock traded up $0.04 during mid-day trading on Monday, hitting $2.07. 1,488 shares of the stock were exchanged, compared to its average volume of 8,455. The business has a fifty day moving average price of $2.36 and a 200 day moving average price of $2.68. Tungray Technologies has a 12 month low of $1.93 and a 12 month high of $11.78.

About Tungray Technologies

Tungray Technologies Inc, through its subsidiaries, provides tooling and customized industrial manufacturing solutions in China and Singapore. It offers customized industrial test and tooling solutions; welding equipment manufacturing; and direct drive and linear direct current motors. The company also designs, develops, and manufactures non- standard equipment, such as automated assembly equipment, precision testing equipment, tooling fixtures, etc., as well as induction brazing and hardening equipment, and tooling fixtures; researches, develops, and sells intelligent robots and storage equipment; and installs industrial machinery and equipment, and mechanical engineering works.